Since Early Jan markets have been in a pretty tight trading range. I'm long only in Visa stock @ $59.5 and plan to buy more eventually. Najarian from fast money is kinda a putz. He says go long on some stock and buy the puts. Um yea...except if the stock goes up the puts will expire worthless and your returns are lessened. If the stock drops you would need a lot of puts to mitigate the loss of a large long position. Either way there is no free lunch.